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GROSS DOMESTIC PRODUCT & STATE
FINAL DEMAND, JUNE QUARTER 2016
Summary
CHART 1: GDP GROWTH (REAL, TREND)
6
In the June quarter 2016:


Australian Gross Domestic Product
(GDP) rose 0.7% and was 3.1% higher
than a year earlier in real trend terms.
South Australian State Final Demand
(SFD) rose 0.3% and was 1.3% higher
than a year earlier in real trend terms. In
seasonally adjusted terms, South
Australian SFD rose by 0.6% in the
quarter.
Through the year growth
4
Real GDP growth (trend, %)

Australian Real Gross Domestic Income,
which indicates the purchasing power of
total incomes generated by Australian
production, increased by 0.6% in trend
terms.
2
0
Quarterly Growth
Jun-15
Jun-16
Jun-16
Jun-14
Jun-13
Jun-12
Jun-11
Jun-15
Further Analysis
Jun-10
Jun-09
Jun-08
Jun-07
Jun-06
-2
Quarter
Trend data
Australia’s non-farm GDP rose by 0.8% in the
June quarter to be 3.3% higher than a year ago
(see Chart 2).
CHART 2: NON-FARM GDP GROWTH
(REAL, TREND)
6
Through the year growth
Farm GDP fell by 0.5% in the June quarter to be
2.5% lower a year ago.
2
0
Quarterly Growth
Quarter
Jun-14
Jun-13
Jun-12
Jun-11
Jun-10
Jun-09
Jun-08
-2
Jun-07
Nationally, household consumption spending
rose by 0.6% in the June quarter, government
consumption rose by 1.2%, dwelling investment
rose 1.9%, public investment rose by 4.4% but
new business investment fell by 1.7%.
Jun-06
Australian Domestic Final Demand (DFD) rose
by 0.5% in the June quarter 2016 to be 1.5%
higher than a year ago (see Chart 3).
Real Non-Farm GDP growth (trend, %)
4
CHART 3: DFD GROWTH
(REAL, TREND)
CHART 4: SOUTH AUSTRALIAN SFD GROWTH
(REAL, TREND)
8
6
Through the year growth
Through the year growth
6
Real SFD growth (trend, %)
Real DFD growth (trend, %)
4
4
2
2
0
0
Quarterly Growth
Quarterly Growth
-2
Quarter
Among the states, SFD rose in the June quarter
in New South Wales (up 1.2%), Victoria (up
0.8%), South Australia, Queensland and
Tasmania (all up 0.3%) but fell in Western
Australia (down 1.7%).
Table 1: State Final Demand – Real, trend
Jun qtr 16 vs
Mar qtr 16
Jun qtr 16 vs
Jun qtr 15
(% change)
(% change)
NSW
1.2
4.5
VIC
0.8
3.5
QLD
0.3
-0.1
SA
0.3
1.3
WA
-1.7
-6.2
TAS
0.3
1.6
AUS
(DFD)
0.5
1.5
Jun-16
Jun-15
Jun-14
Jun-13
Jun-12
Jun-11
Quarter
South Australian State Final Demand (SFD)
rose by 0.3% during the June quarter 2016—see
Chart 4.
In South Australia, during the June quarter,
spending growth was recorded in household
consumption (up 0.7%), public sector
consumption (up 1.0%), dwelling investment (up
0.7%) and public sector capital investment (up
7.9%). A decline in spending was recorded in
new private business investment (down 4.7%).
Jun-10
Jun-09
Jun-08
Jun-07
Jun-06
Jun-16
Jun-15
Jun-14
Jun-13
Jun-12
Jun-11
Jun-10
Jun-09
Jun-08
Jun-07
Jun-06
-2
Table 2: Expenditure Components of SFD/DFD
and GDP – Real, Trend
0.7
0.6
2.7
2.9
Household
Consumption
Government
Consumption
1.0
New Business
Investment
-4.7
-1.7
-14.0
-9.6
Dwelling
Investment
0.7
1.9
-0.4
8.1
Ownership
Transfer Costs
4.1
-0.8
3.5
-3.1
Public
Investment
7.9
4.4
25.5
7.3
SFD/ DFD
0.3
0.5
1.3
1.5
Exports*
np
1.3
np
6.9
Imports*
np
0.4
np
-1.0
GDP
np
0.7
np
3.1
1.2
4.1
4.1
*National data is for goods and services. State data is no
longer published in this release.
7 September 2016
Next release of ABS Cat No 5206.0 is 7 December 2016
0.4
0.2
0.0
-0.2
-0.4
-0.6
SFD/ DFD
AUS
Public Investment
SA
AUSTRALIA
Ownership transfer costs
AUS
Dwelling Investment
SA
New Business Investment
(% change)
SOUTH AUSTRALIA
0.6
Government Consumption
(% change)
0.8
Household consumption
Jun qtr 16 vs
Jun qtr 15
Real percentage point contribution to SFD/ DFD growth
Jun qtr 16 vs
Mar qtr 16
CHART 5: QUARTERLY PERCENTAGE POINT
CONTRIBUTIONS TO SFD/ DFD GROWTH
(REAL, TREND)
Component
Explanatory Notes
Gross Domestic Product (GDP) is the total market value
of goods and services produced in Australia within a given
period. The state by state breakdown of this figure is
Gross State Product (GSP), however estimates of GSP
growth are only published annually.
The main quarterly measure of state economic activity is
State Final Demand (SFD), which is an estimate of the
level of spending in the local economy by private and
public sectors. Spending is reported on the consumption
of goods and services, and capital investment.
Spending (SFD) is not the same as production (GDP).
SFD for example, includes spending by households and
businesses on imports, which are not produced (and do
not create jobs) in South Australia. SFD does not include
South Australia’s exports, which do get produced and
create jobs in the State.
Real Gross Domestic Income measures the purchasing
power of the production (GDP) occurring in Australia. It
takes into account the impacts of changes in Australia’s
terms of trade. GDP only measures the volume of goods
and services produced, mined and farmed in Australia. If
prices are rising for our exports this will lift our incomes.
Real GDP does not measure this, but real GDI does.